‘India will have $11.7 bn medical electronics market in two years’
24 Jan 2015 12:58 AM GMT
Country’s medical electronics market will grow to $11.7 billion by 2017, as against the current valuation of $6.5 billion, helped by increased awareness for healthcare delivery system in the country.
“It is interesting to note that medical electronics market in India is growing at a 16 per cent compounded annual growth rate and is presently valued at $6.5 billion.
“This will grow to $11.7 billion by 2017 due to increased awareness about the benefits of healthcare delivery system, lifestyle diseases, exploding population and increased middle-class income,” Capt R Raghavan, senior Vice President of Medall Diagnostics, Chennai, said here at the 16th two-day national conference on ‘Next Generation Electronics’.
“It is interesting to note that medical electronics market in India is growing at a 16 per cent compounded annual growth rate and is presently valued at $6.5 billion.
“This will grow to $11.7 billion by 2017 due to increased awareness about the benefits of healthcare delivery system, lifestyle diseases, exploding population and increased middle-class income,” Capt R Raghavan, senior Vice President of Medall Diagnostics, Chennai, said here at the 16th two-day national conference on ‘Next Generation Electronics’.
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